Quaker Capital Management is currently closed to new accounts.

April 21, 2008
Quaker Capital Management is pleased to announce that Andrew D. Raymond has joined
the firm effective April 21, 2008.

May 14, 2007
Mr. Constantine W. Mamakos joins the company as an equity analyst.

September 15, 2006
Partners Meeting for Quaker Capital Partners, L.P.

July 1st, 2006
Quaker Capital launches new corporate website.

January 31, 2006
Quaker investment team closes on sale of WinBeam, Inc. to Clearwire.

December 31, 2005
Quaker Capital Management returns approximately 25% of the capital in its hedge funds to the partners and discontinues the management of balanced accounts. The goal of these changes is to increase the focus on the company's core competency of equity research, while improving the potential for superior risk-adjusted investment returns.